Outlook Projection FY 2023-24
Total GR Expenditures = $10.2 Billion
General Revenue Fund
Recurring and Nonrecurring
Budget Driver Impact ($Millions)
New Recurring Drivers for Each Year
Continuation of Year 1 Recurring Drivers
Continuation of Year 2 Recurring Drivers
Cumulative Impact of Recurring Drivers
Nonrecurring Drivers for Each Year
Fiscal Year
2023-24
Fiscal Year Fiscal Year
2024-25
2025-26
Three-Year
Total
% of Three-
Year Total
980.4
1,071.9
1,115.9
3,168.2
980.4
980.4
1,960.7
1,071.9
1,071.9
980.4
2,052.3
3,168.2
6,200.8
60.5%
Grand Total
967.4
1,947.7
1,575.6
1,500.3
4,043.3
39.5%
3,627.9
4,668.5
10,244.1
Simply looking at the new infusions of General Revenue needed each year does not
present a complete picture. Over the entire three-year period, 60.5 percent of the
General Revenue infused each year must be recurring to match the ongoing nature of
the budget investment. Those expenditures cumulate and stack on top of each other in
the subsequent years. As the table shows, of the $1,947.7 million needed for drivers in
Fiscal Year 2023-24, $980.4 million will be needed again in Fiscal 2024-25 (and again in
Fiscal Year 2025-26) to continue those programs.
This makes the actual dollar impact of the drivers identified in the Outlook larger than the
displayed drivers alone suggest. In effect, the $7.2 billion in new infusions over the
Outlook period support $10.2 billion in additional costs over the period. Both effects are
accounted for in the Outlook.
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